Analysing India’s cycle of deprivation and affluence
“It was the best of times; it was the worst of times”, wrote Charles Dickens…
Gold rises from two-week low ahead of US inflation data
Gold rose on Tuesday after hitting a two-week low earlier in the session, as markets awaited key U.S. inflation data, with escalating U.S.-Iran tensions driving oil prices higher and reinforcing expectations of further Federal Reserve rate hikes. Spot gold was up 0.6 per cent at $4,023.77 per ounce by 0747 GMT, after touching its lowest…
Gold futures rise to ₹1,41,612/10 gm on spot demand
Gold prices on Tuesday rose by ₹1,303 to ₹1,41,612 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded higher by ₹1,303, or 0.93 per cent, at ₹1,41,612 per 10 grams in a business turnover of 1,095…
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
Gold slid to a two-week low on Tuesday as the U.S.-Iran conflict in the Gulf sent oil prices soaring and fuelled inflation fears, with hawkish remarks from Federal Reserve Governor Christopher Waller further reinforcing bets on higher U.S. interest rates. Spot gold was down 0.2% at $3,993.83 per ounce by 0110 GMT, having shed about…
Mixed trend in gold ETFs over past 2 weeks, as investors keep a low profile
The UK and India saw investors still being positive on the yellow metal, as inflows totalled $2.15 billion | Photo Credit: e-crow Physically backed gold exchange-traded funds (ETFs) witnessed a mixed trend in the past two weeks, with inflows being positive in the week ending July 10 and negative in the week ending July 3,…
Gold slides over 1% as oil surges on Strait of Hormuz closure fears
Gold slid over 1% on Monday as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations of elevated interest rates to combat inflationary pressures from escalating hostilities in the Middle East. Spot gold dropped 1.5% to $4,059.11 per ounce by 0356 GMT. U.S. gold futures for August delivery…
Gold, silver may stay under pressure as US-Iran tensions, inflation data hold key: Analysts
Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on…
Gold price rises ₹400 per 10gm in Delhi on value buying; silver jumps ₹5,000 per kg
In the international markets, spot gold slipped by $17.57, or 0.43%, to $4,106.25 per ounce and silver fell nearly 1% to $59.54 per ounce. Gold prices edged up by ₹400 to ₹1,48,500 per 10 grams in the national capital on Friday, while silver jumped ₹5,000, as value buying by traders and a weak US dollar…
Gold futures drop to ₹1,44,670/10g
Gold prices on Friday dropped by Rs 630 to Rs 1,44,670 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 630, or 0.43 per cent, at Rs 1,44,670 per 10 grams in a business turnover of 975…
Silver futures decline to ₹2.24 lakh/kg
Silver prices on Friday fell ₹1,934 to ₹2,24,443 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹1,934, or 0.85 per cent, to ₹2,24,443 per kg in a business turnover of 2,345 lots. Analysts said a sell-off by participants mainly weighed on…
Gold discounts in India deepen as volatility hurts demand; purchases in China steady
Gold traded at a wide discount in India this week as price volatility weighed, while demand in China remained steady with the country’s central bank reporting its largest monthly increase in gold reserves in more than 2-1/2 years in June. International spot gold prices slipped to a two-week low, retreating from an over 2 per…
